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Spokane, Washington  Est. May 19, 1883
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Wealth gap widens between races in U.S.

Associated Press

The economic recovery has not been equal among races in the U.S., according to a Pew Research Center study released Friday.

The study found that the wealth gap between white households and minorities has widened in recent years.

The wealth of white households was 13 times greater than that of black households in 2013, versus eight times the wealth in 2010. And the wealth of white households was more than 10 times that of Hispanic households, up from nine times the wealth in 2010.

Pew researchers – analyzing data from the Federal Reserve’s Survey of Consumer Finances – found that the gap between whites and blacks has reached its highest point since 1989.

Net worth is a measure of the difference between the household’s assets and their liabilities. The typical household had a net worth of $81,400 in 2013, according to the Fed’s survey.

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